民间资本进入银行业的进入壁垒分析及策略选择

发布时间：2018-01-04 23:28

本文关键词：民间资本进入银行业的进入壁垒分析及策略选择　出处：《厦门大学》2014年硕士论文　论文类型：学位论文

【摘要】：目前,国务院以及银监会陆续出台了多项关于支持和鼓励民间资本进入银行业的政策意见。在这些政策的刺激下,民间资本进入银行业的热情高涨,有多家企业甚至提出了设立民营银行的申请。但是民间资本进入银行业真的容易吗?民间资本进入银行业合理的路径选择是机构介入还是资本介入?这个两个问题的解决无疑对于引导民间资本投资具有很强的现实意义,因此本文围绕这两个问题展开研究。论文首先对我国银行业的现状以及民间资本对于银行业的投资进行回顾,重点关注我国银行业目前的市场结构、市场行为、市场绩效以及民间资本在银行业投资的主要方式及动机。紧接着文章以影响进入壁垒的四大因素为角度,分析了民间资本以机构介入的方式进入银行业将会面临的各种壁垒。分析结果表明,虽然目前被政策大力支持,但民间资本进入银行业最大的壁垒仍来自于制度性壁垒。为了获得在这种进入壁垒影响下民间资本应如何进入银行业的答案,文章接下来的两部分以2005-2012年的相关面板数据进行实证分析。第一部分借鉴了Richard.C.Levin的理论模型,从规模效率、贷款关于产出以及利率的相对弹性来衡量行业的发展路径是收缩还是扩张。实证结果表明,银行业存在着规模非效率,且贷款关于产出以及利率的相对弹性大于0。也就是说银行业将面临一个收缩路径,行业内银行数目将不变或者减少,民间资本若以机构介入的方式进入银行业将会面临较大的压力。第二部分则从股权结构与银行经营绩效的相关关系来验证民间资本以资本介入方式进入银行的合理性,实证结果表明,不同的股权结构对银行经营绩效存在显著影响,民间资本对银行业的资本投资将明显改善银行业的收益率及不良贷款率。综合上述分析,文章认为民间资本应该规避进入壁垒,参与银行业的股权改革即选择资本介入的方式进入银行业,并在此基础上从民间资本、银行业、相关监管机构三个层面提出了策略建议。
[Abstract]:At present, the State Council and the China Banking Regulatory Commission have issued a number of support and encourage private capital into the banking sector policies. In these policy stimulus, private capital into the banking sector's enthusiasm, several companies have even proposed the establishment of private banks to apply. But the private capital into the banking sector really easy? Selection is institution intervention or capital intervention into the path of a reasonable banking private capital? To solve the two problems undoubtedly has great practical significance to guide the private capital investment, so this paper focuses on these two issues.
Firstly, review the status quo of China's banking industry and private capital investment for the banking industry, focusing on China's banking market structure, the market behavior, market performance and the main mode of private capital in the banking and investment motivation. Then the four factors to influence the entry barriers for various angles the barriers of private capital to enter the institutions involved in the banking sector will face. The results show that although there is policy support, but private capital into the banking industry's biggest barriers still comes from institutional barriers. In order to obtain private capital into the banking sector to the entry barriers effects of the two answers. The next part related to the 2005-2012 panel data for empirical analysis. The first part from the theoretical model of Richard.C.Levin, the scale efficiency, loan The development path of output and the interest rate elasticity relative to measure industry is contraction or expansion. The empirical results show that banking is scale inefficient, and the loan interest rate and the relative elasticity of output is more than 0. banks will face a shrinking path, the number of banks in the industry will be the same or less involved in private in terms of capital institutions ways to enter the banking sector will face greater pressure. The second part is from the correlation between ownership structure and operating performance of the bank to verify the private capital to enter the bank capital intervention is reasonable, the empirical results show that different ownership structure on bank performance significantly affect the rate of return on capital investment of private capital the banking industry will significantly improve the banking industry and the rate of bad loans.
Based on the above analysis, the article argues that private capital should avoid entry barriers and take part in the banking equity reform, that is, the way of capital intervention into the banking industry. On this basis, it puts forward some strategic recommendations from three levels: private capital, banking industry and related regulatory agencies.

【学位授予单位】：厦门大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.3

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